The virtual mobile network operators market size was valued at USD 84.3 billion in 2023 and is projected to reach USD 161.3 billion by 2032, at a CAGR of 7.5%.
FORT COLLINS, Colo., April 6, 2024 (Globe Newswire) —
From increasing mobile networks and services to maintaining virtual networks
of Mobile Virtual Network Operator (MVNO) Market Growth in 2023 due to expansion of mobile subscriber base. According to forecasts, the mobile industry will expand significantly in the coming period and multi-SIM ownership will also contribute to this expansion. According to GSMA's Mobile Economy 2024, there will be approximately 8.6 billion SIM connections in 2023, corresponding to a penetration rate of 107%. This number is predicted to reach 9.8 billion connections by 2030. Increasing subscriber base especially in developing countries will drive market growth. However, as the number of subscribers increases, average revenue per user (ARPU) in these markets also decreases at the same time. To address this challenge, service providers will intensify their collaboration with MVNOs to tap untapped markets and segments, thereby driving the growth of the virtual mobile operator market in the coming years.
Additionally, the growing demand for smartphones and mobile broadband has increased the demand for virtual mobile network operators. Increased usage of data and value-added services (VAS) along with wireless connectivity is expected to drive demand for smartphones around the world. Telecommunications carriers are targeting price-sensitive consumers by offering affordable data plans. According to the Global System for Mobile Communications, mobile Internet users are expected to reach 5.5 billion by 2030, and smartphone penetration in the same period will exceed 90%. Availability of multi-functional and cost-effective devices is expected to drive market demand significantly. Additionally, technological advancements leading to the development of innovative, lightweight, compact, and multifunctional devices are paving the way for market growth.
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Segmentation overview:
The global mobile virtual network operator market is segmented into operational model, service type, business model, end use, and region.
Full MVNO will record significant market growth in 2023
Based on operating model, the market segmentation of virtual mobile carriers consists of resellers, service providers, and full MVNOs. The full MVNO segment held a significant market share in 2023. A full MVNO owns and operates a business support system and issues its own SIM cards with a unique identity IMSI, a specific phone number, and a dialing code.
Enterprise sector remains the leading sector
The virtual mobile network operator market is segmented into consumer and enterprise based on end use. The enterprise sector gained a significant market share in 2023. These organizations include businesses, government agencies, educational institutions, etc., and rely on MVNO services to manage their communication needs.
Europe is a key market for mobile virtual network operators
The market share of European mobile virtual carriers was very high in 2023. The EU regulatory framework has played an important role in the growth of he MVNOs in this region. Countries such as the UK, France, and Germany have a strong MVNO base and are expected to grow during the forecast period.
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Mobile Virtual Network Operator Market Report Highlights:
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Notable players in the Mobile Virtual Network Operators market report include Virgin Media Business, Dataxoom, Lebara Group BV, KDDI, Verizon Communications Inc., Asahi Net, Virgin Mobile USA Inc., Tracfone Wireless Inc., Boost Mobile LLC, Lycamobile , including Tesco. Mobile, AT&T Inc., T-Mobile USA Inc., Alphabet Inc., Postemobile, Asda Mobile, Republic Wireless, EMnify, and INCE.
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